4SPCE trade ideas
Broken Over VWAP Entry Point.Seems like a good entry for a long position here, as long as they can show some growth in sales even if they cannot produce their product just yet.
SPCE Minor Wave 5After a extended wave 3, SPCE wants to head higher for wave 5 to finish cup pattern. Watch for $35-$36 level for sellers to push price down. Relative volume has been steady the past couple of days. Count is invalidated if price breaks below the $29.60 support
Breakout of Symmetric Triangle on SPCEVirgin Galactic has broken out of a very large symmetric triangle on the daily and back tested it, which I almost missed. Based on the measured move of the break out, we could expect it to reach the 88.6 retrace, but just in case, we'll have profit taking levels at other fib lines. This one could take a while to play out.
SPCE sure looks like a big ole cup & handleSPCE sure looks like a big ole cup & handle. I just picked up 1/22 expiry $31-32 strangle. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
www.tradingview.com
[SPCE] BLAST OFF! Coming Back for Another Landing ThoughIt's not even fair, my SPCE fractals just hit on point every time lol.
Literally bouncing exactly between my purple downtrend and green uptrend lines back and forth for months B).
I rebought the entire 50% stake I sold off at ~33 from last spike at ~25, didn't sell this time though. Would have been nice to catch that peak today, just hard to nail the timing and know the momentum but based on the downchannel catching Price and holding it strong I'm expeting reversion and another buy opp before we get back to the top green line.
Decent chance it breaks through and holds but I think this is just temporary ARKK Space ETF FOMO.
$SPCE needs to refuel before the moon mission. Short scalp.SPCE ran up on exuberance on the mention of ARKX and was rejected at the double top. It needs to cool off and refuel. Gap fill likely, short with tight stop loss.
Markets look troubling for coming week.
PT: 27.6, 25
Buy order: 21
Bullish long-term.
SPCE - Cup & Handle formingI am new to charting but looks like a cup & handle is forming on Virgin Galactic and could breakout soon...
ABC BullishPossible stop below 22.87 or under last pivot low..
Price came down for a gap fill..so support there as it did not go much lower..support also at 29.45ish and stong support at 27.50ish
AB leg = 18.72..
Good idea to Do your research/not a recommendation
NV peaked at 9-10 dollars and is now flat/OBV is high/short interest is high...
im not a stock investor. just practicing my technicall analysis.im not a stock investor. just practicing my technicall analysis.
great chart request friends! high rsi and looks like a double chart on the daily, also very high rsi! everything is saying its a short now! wait for trendline support to break for confirmation, i may grap puts there and target 24-25 for a quick scalp! goodluck to shorts ! :) leave a like!
SPCE 1/22 strangle ideaVIRGIN GALACTIC HLDGS is up 20% today because ARK’s Cathie Wood Is Launching a Space ETF. Since SPCE can be very volatile, I picked up a 1/22 expiry SPCE $32-33 strangle. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
www.tradingview.com
Scaling in LONG on SPCEI haven't personally traded this one but it looks like wash, rinse, repeat type of set up. The reason I didn't go long aggressively was because it is right below the horizontal resistance level. I like to enter my position long when the security is breaking out of resistance for the optimum entry. Target is the downtrend line from Feb 18th ATH around $34 range. Bullish cross over on the PPO as well but again, it is under the zero line. If it gets rejected at the resistance, it's going lower. I would keep a tight stop.
$SPCEAt support of a down-sloping wedge
4hr classic bullish divergence on the MACD and RSI
Daily hidden bullish divergence on the MACD and RSI
Need to get back above the horizontal support @ $24.40
Would like to see a rally to the two gap fills
Stop is below the lowest candle close of the retracement
SPCE Cup & Handle developingSPCE has been curling on the 1hr for some time now and looks to be in a cup pattern. Watch for a 10% rejection off the bottom of the gap before retesting the gap fill above (green).
SPCE4hr classic bullish divergence, daily hidden bullish divergence, at the golden retrace, flipping previous resistance into support. (Not financial advice and heavy market uncertainty right now)
SPCE | Fibonacci LinesCharted SPCE after seeing it run up 15% after hours.
There was a inverse head and shoulder before the rally. According to the fib retracement, we need to break over around $31.30-31.40 in order to go higher to $35.
